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CPLG - CorePoint Lodging: Too Much Uncertainty To Call A Buy
CorePoint Lodging Inc.
Despite its small market cap (at present, roughly $250 MM), we've been closely following the company, particularly in the age of coronavirus, when many lodging companies have been troubled. With CPLG shares trading today at less than half from the levels reached in late 2019, some investors are wondering if this is a good entry point to jump in. In the present note, we recommend to stay on the sidelines for now, at least until one-two more quarters of results. Our thesis is Neutral.
Why We Are Neutral
Group and conference cancellations remain a problem: